Bullboard - Stock Discussion Forum Enbridge Inc T.ENB

Alternate Symbol(s): ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBOF | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | ENBMF | T.ENB.PR.P | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Energy Oil & Gas Midstream

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and... see more

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TSX:ENB - Post Discussion

Enbridge Inc > 3% Div. Increase

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Post by Al42 on Dec 08, 2020 7:39am

3% Div. Increase

CALGARY, AB , Dec. 8, 2020 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced its 2021 financial guidance and dividend and provided an update on its strategic priorities, which will be further discussed at the Company's virtual investor conference today.

Highlights

Re-affirmation of 5-7% average long-term annual distributable cash flow (DCF) per share growth outlook, based on an equity self-funded model
The Company expects full-year 2020 DCF per share to be near the mid-point of the $4.50 to $4.80 guidance range
Announced 2021 Financial Guidance: 2021 projected DCF per share of $4.70 to $5.00 , and earnings before interest, taxes, depreciation and amortization (EBITDA) of $13.9 to $14.3 billion
The Company declared its 26 th consecutive annual common share dividend increase, raising it by 3% to $0.835 /quarter ( $3.34 annually), effective March 1, 2021
Execution of the Company's $16 billion secured growth capital program continues to advance, generating approximately $2 billion of expected EBITDA growth from 2021 to 2023
Construction has commenced on the remaining Minnesota leg of the U.S. Line 3 Replacement project
Weymouth compressor was approved by regulators on November 25 to commence operations, completing the U.S. $0.1 billion Atlantic Bridge project, which provides expanded gas supply into New England and the Maritimes